360° Coverage : Russia wasted $4 bn in defence funds in 2012

11 Updates
Russia wasted $4 bn in defence funds in 2012
Photo Credit: NATALIA KOLESNIKOVA, Getty Images

Russia wasted $4 bn in defence funds in 2012

Feb 7 2013, 12:51pm CST | by

Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012.

Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012. The Russian Audit Chamber...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Russia wasted $4 bn in defence funds in 2012

Feb 7 2013, 12:51pm CST | by

Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012.

Moscow, Feb 7 (IANS/RIA Novosti) Russia's budget watchdog has found nearly $4 billion was lost in financial violations in the country's defence spending for 2012.

The Russian Audit Chamber identified waste and misappropriation totalling almost 117.5 billion rubles -- just over $3.9 billion -- in the area of national defence, said Viktor Zavarzin, first deputy head of the State Duma's Defense Committee.

This was disclosed after a meeting attended by officials from the defence and finance ministries, the Prosecutor General's Office and other agencies.

The defence ministry has been plagued by corruption scandals over the past year.

Former minister Anatoly Serdyukov was sacked in November 2012 amid a $130 million fraud investigation into the sale of ministry property.

And last month, Russian police said they had uncovered the embezzlement of some $17 million by the country's Strategic Missile Forces dating back to 2008.

A significant portion of the 2012 violations, estimated at nearly 70.4 billion rubles (about $2.3 billion), had to do with over-spending on state contracts despite established thresholds, Zavarzin said.

He added that "unauthorised and ineffective expenditure of budget funds equalled, respectively, 10.6 million rubles and 23,173,000 rubles", and that 114 million rubles had been reimbursed to the government.

Defense Committee member Alexander Tarnayev blamed part of this misspending on outsourcing for services like food and laundry.

He suggested that one way to save money "when forming the federal budget for 2013 and the 2014-2015 planning period" would be to monitor state contracts more closely to ensure contractors and sub-contractors are not over-charging.

Tarnayev cited 2012 spending on food for servicemen as an example.

He said the difference between the total contracts signed by the defence ministry with the Voyentorg company, meant to provide this service, and the contracts signed by Voyentorg with its relevant sub-contractors may be as high as 672.7 million rubles, or over $22 million, based on the Audit Chamber's findings.

--IANS/RIA Novosti

pm/vd

IANS

Source: IANS

 
Update
11

3 weeks ago

Russia test-fires intercontinental missile from submarine

Nov 5 2014 4:06am CST | Source: Townhall's

MOSCOW (Reuters) - Russia test-fired a Sineva intercontinental missile from a submerged submarine in the Barents Sea on ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
10

3 weeks ago

[Ticker] Ukraine pays first part of Gazprom bills

Nov 5 2014 2:15am CST | Source: EUobserver.com

Ukrainian state energy company Naftogaz announced Tuesday it paid $1.45 billion of old gas bills to Gazprom, as agreed in a deal made between Ukraine, Russia and the European Commission last week. According to the agreement, Russia should resume gas supplies to Ukraine after th ...
Source: EUobserver.com   Full article at: EUobserver.com
 

 
Update
9

3 weeks ago

Role For Russia Gives Iran Talks A Possible Boost

Nov 4 2014 8:40am CST | Source: Politics - The Huffington Post

WASHINGTON — Iran has tentatively agreed to ship much of its huge stockpile of uranium to Russia if it reaches a broader nuclear deal with the West, according to officials and diplomats involved in the negotiations, potentially a major breakthrough in talks that have until now been deadloc ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

3 weeks ago

Role for Russia Gives Iran Talks a Possible Boost

Nov 3 2014 8:51pm CST | Source: NYT-Politics

Iran has tentatively agreed to ship much of its huge stockpile of uranium to Russia if it reaches a broader nuclear ...
Source: NYT-Politics   Full article at: NYT-Politics
 

 
Update
7

3 weeks ago

Will Russia Make Nuclear Security Next Victim of Ukraine Crisis?

Nov 3 2014 6:00pm CST | Source: World Politics Review

Russia’s decision to skip the first planning meeting for the 2016 Nuclear Security Summit is an alarming sign. Whether signaling irritation over the Ukraine crisis or a definitive rejection of the U.S.-Russia nuclear security partnership, the Russian decision is extremely counter ...
Source: World Politics Review   Full article at: World Politics Review
 

 
Update
5

3 weeks ago

Will Russia Make Nuclear Security Next Collateral Victim of Ukraine Crisis?

Nov 3 2014 6:00pm CST | Source: World Politics Review

Russia’s decision to skip the first planning meeting for the 2016 Nuclear Security Summit is an alarming sign. Whether signaling irritation over the Ukraine crisis or a definitive rejection of the U.S.-Russia nuclear security partnership, the Russian decision is extremely counter ...
Source: World Politics Review   Full article at: World Politics Review
 

 
Update
4

3 weeks ago

Obama literally spanked in brand-new images

Nov 3 2014 2:35pm CST | Source: WND

Vladimir Putin spanks Barack Obama in “Targeted Sanctions,” part of a new art gallery in Moscow. (photos courtesy Gazeta.ru) While many artists in Moscow appear to fawn over Russian President Vladimir Putin in a brand-new exhibit, apparently they don’t have the same affection for U.S. President Barack Obama. The political gallery titled “No Filters” opened Friday in Moscow, featuring the work of some 100 cartoonists. Most ...
Source: WND  Full article at: WND
 

 
Update
3

3 weeks ago

Top NATO commander says Russian air incursions bigger, more provocative

Nov 3 2014 8:46am CST | Source: Townhall's

WASHINGTON (Reuters) - NATO's top military commander said on Monday that recent incursions into European air space ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

3 weeks ago

Politician: Ban Gay Apple Boss From Russia: He'll Bring 'Ebola Virus, Aids or Gonorrhea'

Oct 31 2014 12:49pm CDT | Source: Big Government

Apple CEO Tim Cook “should be banned” from Russia because he could only bring “the Ebola virus, Aids or gonorrhea” according to anti-gay campaigner Vitaly Milonov. The Russian said he should be banned for life from the country because gay people have “unseemly ties” that would put Russia at risk. As previously reported on Breitbart London, Cook only publicly admitted he was gay on Thursday but had been open to friends and family to a number of years. He claimed h ...
Source: Big Government   Full article at: Big Government
 

 
Update
1

4 weeks ago

Europe won't recognize vote in eastern Ukraine, Merkel tells Putin

Oct 31 2014 7:06am CDT | Source: Townhall's

BERLIN (Reuters) - German Chancellor Angela Merkel told Russian President Vladimir Putin on the phone that Sunday's planned ele ...
Source: Townhall's   Full article at: Townhall's
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Syria coordinating with Russia for talks with opposition
Damascus, Nov 28 (IANS) Syrian Foreign Minister Walid al-Moallem said Friday that the Syrian government is coordinating with Russia for launching a dialogue with the Syrian opposition.
 
 
Two killed in Egypt clashes
Cairo, Nov 28 (IANS) Two people were killed Friday in clashes between Egyptian police and Islamist protestors in the capital Cairo.
 
 
Ferguson protests expose human rights abuse in US: North Korea
Pyong Yang, Nov 28 (IANS) North Korea Friday lashed out at the US human rights record, saying the ongoing mass protests against racial discrimination exposed severe human rights abuse in the US.
 
 
US plans to release more detainees from Guantanamo Bay
Washington, Nov 28 (IANS) The Pentagon is preparing to release more prisoners from the Guantanamo Bay detention centre in Cuba, in the coming weeks, official sources in the US have revealed.
 
 
 

Latest from the Network

Apple Black Friday Sale Released
The Apple Black Friday 2014 Sale has launched online at the Apple Store. Apple has announced a huge charity promotion to fight AIDS for Black Friday and Cyber Monday. Apple will donate a portion of the sales the company...
Read more on Apple Balla
 
A look at Black Friday video game deals
All major retailers will be getting in the video game Black Friday spirit. PS4 and XBox One will certainly be two consoles that should garner huge sales but actual games should do good as well. One thing that is for...
Read more on Black Friday Countdown
 
Comics looking for event filled Black Friday
While video games and other electronic gadgets look to be the big draw on deals during Black Friday, comic book readers and fans will be able to find their fair share of deals as well. It has been announced that two...
Read more on Black Friday Countdown
 
Anna Kendrick positive after nude photo leak
Anna Kendrick is looking at the positives following the recent hacking of her nude photos. The 'Pitch Perfect' star - whose naked pictures were posted online by hackers earlier this year alongside other stars like...
Read more on Celebrity Balla
 
Benedict Cumberbatch hates selfies
Benedict Cumberbatch hates selfies. The 'Imitation Game' actor - who recently announced his engagement to Sophie Hunter - won't be personally taking any photos of him and his bride on their wedding day and instead would...
Read more on Celebrity Balla
 
James Franco filmed threesome with Zachary Quinto
James Franco and Zachary Quinto filmed a threesome for their new film 'Michael'. The actors took part in the sexy scene alongside the former 'Desperate Housewives' star Charlie Carver for the upcoming drama, according...
Read more on Movie Balla
 
UN condemns attack on British embassy vehicle
United Nations, Nov 28 (IANS) The UN Security Council (UNSC) has condemned the attack on a British embassy vehicle in Kabul, Afghanistan. "The members of the UNSC expressed their deep sympathy and condolences to the...
Read more on Politics Balla
 
Not all mosquitoes can transmit malaria
New York, Nov 28 (IANS) A genetic study has revealed that certain species of mosquitoes have evolved to better transmit malaria than even some of their close cousins. The study may advance understanding about the...
Read more on Business Balla
 
Rio judge ends Olympic golf course impasse
Rio de Janeiro, Nov 28 (IANS) A Rio de Janeiro judge has rejected a request by public prosecutors to suspend an environmental permit for work on the 2016 Olympic golf course. Judge Eduardo Antonio Klausner said there...
Read more on Sport Balla